Fiducia Secures Funding Commitment from the SBI Group;

Fiducia Secures Funding Commitment from the SBI Group;
Plans to End Funding for Inaugural Fund in July

Fiducia Inc. has announced that its inaugural fund has secured a funding commitment from the SBI Group to boost its assets under management to 3.86 billion yen. The funding will help Fiducia expand its portfolio of investments in Japanese real- and deep-technology companies and healthcare innovations with aspirations to resolve global social challenges.

The funding from the SBI Group, one of the largest venture capital firms in Japan, is a testament to the strength of Fiducia’s investment capabilities and its proven track record of success. With this additional capital, Fiducia will be able to serve its mission to cultivate and partner with growth-stage companies even more.

Fiducia plans to stop seeking further funding for the inaugural fund, Fiducia Growth Tech Limited Liability Investment Limited Partnership, by July, as it believes that it will have sufficient capital to meet the objectives. The fund executed its first closing in February 2022. 

Takumi Shibata, co-founder of Fiducia, expressed his excitement about the recent investment from the SBI Group. “This funding will provide significant opportunities for Fiducia to expand our asset management capabilities and further enhance our position as a premier private equity fund company in Japan,” Shibata said. “This partnership with the SBI Group will undoubtedly enable us to solidify our position as a key player in the private equity market in Japan and the world.” 

Yoshitaka Kitao, Representative of the SBI Group, said: “Fiducia has a proven track record of success, and we believe that their focus on supporting entrepreneurs and small businesses is a powerful force for positive change in the Japanese economy. We look forward to working closely with Fiducia and helping them achieve even greater success in the years ahead.”

Prior to the latest development with the SBI Group, Fiducia had formed partnerships with a range of institutional investors, including AI Capital, Tokyo University Science Investment Management Co. Ltd., Nanto Bank Co. Ltd., and Pavilion Capital. These partners encompass a renowned gatekeeper and a venture capitalist to a large regional bank and a reputable Singapore-based private equity fund.

In addition to its partnerships with institutional investors, Fiducia has also been focusing on building its internal capabilities. The firm has a team of seasoned private equity professionals with extensive experience in the Japanese and global financial markets. Last August, Fiducia Inc. has appointed Ryu Jubishi as a director and Yoichiro Iwama as an executive advisor. Both veteran financiers bring their rich experience in the asset management and pension fund industries. With this strong team in place, Fiducia is well-positioned to capitalize on its partnership and drive success in the future.

Jubishi is an advisory partner at Partners Group Japan since July 2019. Before that, he was managing director and investment executive director at National Pension Fund Association from 2013 to 2019. Since he joined the Ministry of Health and Welfare in 1977, he has served in numerous senior roles in the ministry, including a director of the pension welfare division of the Japan External Trade Organization’s New York office in 1995 and the Executive Managing Director of the Government Pension Investment Fund in 2006.

Iwama is an outside director and the chairman of the board of directors at Nikko Asset Management Co. Ltd. He holds a wealth of managerial experience in the Japanese asset management industry and has held a broad range of senior roles, including CEO at Tokio Marine Asset Management Co., Ltd. until 2010, and Chairman of Japan Investment Advisors Association from 2010 to 2017.